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to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. this market not able to get anything going today as the fiscal cliff fears continue to hang over us. as you see, we turned negative right at 4:00. in fact, we're looking at a decline of about 13 points right her here. the nasdaq composite also under pressure to the tune of five. the s&p 500 down about two points on the session. i want to take a closer look at what moved the markets as we await any decisions out of washington. joining us right now, keith springer, abbigail doolittle, and our own bob posani. keith, let me get your take on the cliff here and on what's to happen in terms of the markets. do you expect the economy to go over the fiscal cliff? what kind of reaction might we see in the market if that were to materialize? >> well, if we saw the market sell off in a big way, i don't think anybody believes we're going to go over the fiscal cliff. there will be some sort of resolution. they'll come up with some tax cuts, some breaks in spending, and probably kick the can down the road on a l
where your money is? hi, everybody, welcome back. i'm maria bartiromo on the floor of the new york stock exchange. markets closing higher on optimism that lawmakers may be close to a deal on the fiscal cliff. wall street, triple-digit gain, up 120 point on the industrial average. banks in the lead, 13,353. last trade in the dow jones industrial average on volume which was modest. nasdaq composite up and 3053 and the s&p 500 picks up 16 points, better than 1% on the standard & poor's at 1446. markets continuing higher at the close. are there more gains ahead? we bring in right now liz ann sanders from charles schwab and alan gael and eric steuben from russell investment, darryl pearl from epoch investments standing by who will give us a reaction to the oracle earnings once those numbers cross the wires. they should be coming out momentarily. here's the number to look for, 61 cents a share on earnings is what we're expecting on revenue of 9.02 billion. as soon as we get the numbers we'll see how oracle is doing. liz ann sanders, deal or no deal? what's your take on all of this? >> we'll ha
, everybody. welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stocks higher today on wall street as the close settles out. we see some money coming into this market. investors still hoping for a deal in washington to avoid the fiscal cliff. take a look at how we're settling on wall street. as we saw money moving into equities in the last 20 minutes pushing the dow jones industrial average up to 60 points higher at the close at 13,312 on the dow jones industrial average. nasdaq also finishing in the plus column with a gain of six points, and the s&p 500 up about eight points, one-half of 1% at 1433. closing in on the fiscal cliff deadline still with no deal in sight, let's find out how you should be investing in the face of the fiscal cliff fiasco. we want to dig deeper into the nyc/i.c.e. deal as well announced today, that it means for you and the global exchanges. gentlemen, welcome. thanks soechg for joining us. >> thanks. >> thanks for having me. >> let me kick this off with you in terms of the fiscal cliff. give me your strategy, d
, everybody, welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. today fading optimism about a deal to avoid the fiscal cliff weighed on stocks. here's how we're finishing on wall street close to the lows of the day with a decline of the dow jones industrial average of 98 points at 13,252. once again we saw both sides digging n.no deal on the fiscal cliff in washington and stocks sold out. nasdaq composite off a third of a percent and the s&p 500 down 11 points, and the countdown continues. only seven trading days left until the fiscal cliff dead livent was today the beginning of a bigger selloff if a deal does not come soon? joining me right now is a cnbc contributor from western destination and steven hammers from the emp fund and our own rick santelli and joe greco from meridian equity partners finishing up his trades and will join us momentarily. good to see everybody. michael, let me kick it off with you. i know it's really hard to navigate every day because every day there's a new expectation in the market, but it felt like today wa
up in the northeast. a look at the radar to show you the rape/snow line lies right across new york city. that will be lifting northward over the next several hours. folks, you'll turn into rain, philly, trent op, d.c., already rain. future radar shows mostly rain right along the i-95. do far inland to produce along the coast. interior vermont, western maine, likely over a foot of snow and boston likely all rain again winding down all in all later on tomorrow evening but the snow continues to linger on late tomorrow across parts of northern maine. here's the fall forecast, over a foot of snow and the ski resorts will be doing great. the coastal cities, again, largely rain and travel delays will be impacted significantly where we have new york, philly and d.c. >> sounds like retailers can't catch a brick right now. superstorm system and now the storm is barreling its way across the country and with holiday pale at their weakest, heard that this morning, do retailers, can they make up for last yund. >> thank you. have, why don't you go first. what impact is it going to have? >> you ha
to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. market closing off the lows of the afternoon after news that president obama and speaker boehner are set for another meeting today on the fiscal cliff, one hour from right now. take a look at how the markets are settling out tonight. as soon as we got that announcement the market went from down 90 to down 50 and it's creeped lower since with a decline on the session of 80 points, finishing at 13,167. a decline of three-quarters of 1% at 2992 on the nasdaq and the s&p gave up 9 at 1419 and the federal reserve and the fiscal cliff weighed in on this market. how do you position yourself? joining me to discuss that our guests. gentlemen, nice to have you on the program. thanks so much for joining us. let me kick this off with you in terms of allocating capital right here in the face of so much uncertainty, fiscal cliff, federal reserve. what is going to be the dominant force in terms of moving money? >> i think you don't fight the fed. i think what happened yesterday is a little bit more of the same we had
to "the closing bell." i'm maria bartiromo on the floor of the new york stock exchange. stock prices on wall street modestly higher today i did spite no sign of a deal on the fiscal cliff. take a look how we're settling out this thursday afternoon on wall street. the industrial average at 13,074. the s&p up just a fraction. will the markets get a boost from another cash infusion? ben pace says he's expecting the federal reserve to announce another round of stimulus at the meeting next week. is that what the markets really want right now? ben pace joins me along with chris heize and rick santelli. ben, let's talk fed policy. you think the fed announces qe-4 next week? >> i think it's the fact the twist operation is ending at the ends of the year, and they don't feel compelled to incrementally tighten that. that means it has to be replaced. that's the qe-4, the fact they'll continue to buy to continue to be just as easy as they've been since the september 16th qe- 3 announcement. >> so you think it's a continuation. what's the impact on the market, do you think? is it priced in? are we
tracks? more on that. >> and hear what this small business owner in new york city, where we are right now, thinks about the cliff crisis. >> i'm annoyed. i'm annoyed with the fiscal cliff. we're looking at not knowing what's going to happen. we fall off this cliff, an everyone gets affected. there's no trickle-down effect. it's more like a slush. we'll lose income. the question is how much income are we going to lose? if we fall off the cliff, the fear is that we fall off the cliff, not slowly glide down the cliffch the government at this point needs to understand that we should be able to trust you to do the right thing, put politics aside and think about us, the people that's why we have government. fix it. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no
. the question, of course, is when. joining me from new york is roger altman. always nice to have you on the program. let welcome back. >> hi, how are you? >> you think a chance of getting a deal will increase and harry reid says he's pessimistic that had t will get done before christmas. what do you think? >> the financial markets themselves are becoming more optimistic, and i think that's a strong signal. second, i think the atmospherics, and senator reid's statement is just part of that, are suggesting that there's some movement and some progress, and thirdly, i'm particularly impressed with what the business community has been doing. it's really engaged and rolled its sleeves up and got involved in this. you might have seen the statement about an hour ago that the business roundtable released, and the business community wants a solution. they want a balanced solution and increasing towards the president's approach. >> what kind of a deal would you expect from both sides? >> i think it's going to be, first, a pretty good deal on size. one of the most important things here is we act
to "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. happy monday to you. this market beginning the new month lower as the gop today puts out a counteroffer on the fiscal cliff. take a look at how we're finishing the day on the wall street. dow jones under water with decline about 60 point. 12,966. last trade on the index. nasdaq gave up some ground today, to the tune of eight points finishing at 3002 on the session. and the s&p 500 down 6.70 points at 1409. >>> december a historically good month for the markets. the s&p has risen 8 of the past 1 years in the final month of yeert. with fears of the looming fiscal cliff, can the trend continue? we're bringing in mike from yahoo! finance and cnbc and yahoo! have a business alliance to share and co-produce editorial content and gordon along with bob pisani. gordon will be along momentarily. michael, let me start with you. you say this market's preoccupation with the fiscal cliff is overdone. do you think we go back to the trend and that is that december is a good month on the upside for stocks? >> definitely
'm maria bartiromo on the floor of the new york stock exchange. the banks helping the market today soar. triple-digit rally at the best. nasdaq slumping entirely due to apple. take a look how we're settling out. the dow finishing off the best levels of the afternoon, but up 72 points at 13,022. nasdaq negative, down 24 points on the session, almost 1%. we'll get to the apple story coming up and how that contributed to the loss in the program. that's coming up. s&p 500 flat on the session. a lot of movement for the s&p. let's get straight to the markets and that rally we saw today. is today the start of a santa claus rally despite the fears over the fiscal cliff? rick, let me kick this off with you. what kind of expectations are out there on this fiscal cliff story? we seem to feel that there's a deal in the air. why else do we see such optimism today? rick? >> oh, for me? i'm sorry. i'll tell you what, maria, i'm not sure what's going on in washington. i'm not sure who those republicans are. i'm not so sure on whether the fiscal conservatives in the party know something about some big r
they go unnoticed. >> i would argue against that actually. >> i know, ron. "new york times" says the risk to reward is highly calculated and they go toward that risk feeling that the reward is going to be worth it. you don't buy that, do you? >> no, i don't. first let's look at what she just stated. the numbers are actually up on prosecution. s.e.c. is up 8% of the prosecutions from 2011 to 2010. 2012 hasn't closed the books yet. two, we've been on the inside talking to clients. the vast majority of your clients are the super majority have never come up. it's in rare instances where it does come up. in some of those it's where they realize they may have been in possession, or it wasn't a well thought out plan. >> do you think wendy that for a lot of these people because there's quite often a gray area, do you think a lot of these people are not even aware that what they're doing is wrong? and it's just an impulse thing? >> there may be a small amount that who are unaware. many of them are highly trained and know the rule book. i think america is good at making rules at not good at enforci
of pento portfolios, no idea where you are, and bob pisani on the floor of the new york stock exchange. what did you make, stephanie, of today's market action? you're the trader and follow the short-term swings. what was the message of the market do you think today? >> the message is the market is nothing is really going to change. interest rates will be low for an extended period of time. the fact that they tied the rates to unemployment, a little bit of a twist to the story, but it means that rates stay low. i think that the housing theme continues. i think that financials continue to work because even though you have a flat yield curve they are a beneficiary of the housing cycle, and away from all of this you focus on what happens internationally and china continues to recover. europe looks like it's stabilizing and we didn't change our strategy based on the news, just a little bit more of what you're doing. >> randy, anything change for you? >> no, not really. what we're watching is the parallels that occur now, where we stood with the fiscal cliff and where we stood in 1999 with t
on, now you're talking about high income cities like new york. you're talking about 53% plus another 3.8% with the obama care medicare surtax. >> so 53 -- 57% of the wealthiest out there -- 57% of their income is going to the government. then ron, you also agree even with that the habits are unlikely to change. >> well, that all depends. someone making a million dollars, $100,000 from dividend, 85 from capital gains. under the 250 rule, they're seeing their taxes go up $70,000 or so. under the million dollar proposal by boehner, that's a $30,000 increase. $30,000 is not that much. but it is after tax money. 70,000 is another number. i think it will affect them somewhat. i'm more worried about their future of what they'll not be saving. even the wealthy have to worry about the future. >> so how does it impact spending and give us the ripple effects of these higher tax rates and how that ripples down. >> you're talking about $6,000 a month out of their pocket. that's $6,000 is often today going to their kids, going to gifting, and going into the market. all that will get shut off. and
. -- pennsylvania, new york. there are federal dollars that pay for maintaining those highways. you can't have a million people pay for all those highways because it connects the entire country. you have forest service, 30% of the land is owned by the federal government. so there's a lot of federal dollars that come to montana. that's part of the system. >> what would be the economic impact, going back to what the farmer was telling us about the situation, if estate taxes go up 55%. we're going to see farmers cutting back on the size of their farms, some may even go out of business. what's the economic impact and how can you mitigate that, governor? >> the difficulty here is over the long-term. naturally, sometime during january if we go over the cliff which is more of a hill, these congressmen will come to their senses. they've gone completely crazy and apparently if you vote for something on december tlonl, then it's okay with grover nor quist and if it's after december 31st, it's something else. look, a pledge is one thing, but look right now we've been spending money on a credit card natio
of new york. but you don't think that's a head fake to try and lower expectations? or not to raise them needlessly on the fiscal cliff? >> look. >> we sound skeptical, don't we? >> yes. but we're not that far from 5:00. and we're not that far from midnight. knowing the way the senate acts, the fact the senate leaders have not announced a deal. i don't think it's a trech to say that the house at this point is standing back and saying we haven't moved the ball yet. >> understood. >> okay. >> we'll get back to you shortly, i'm sure. there'll be more coming out of washington. in the meantime, we just closed out the trading year for 2012. as the dust settles, courtney reagan now breaks down what was i would say among the developed markets a pretty good year for stocks. >> not that bad. lots of green. we're ending on a high note today. all three indexes closing up today and for 2012. the nasdaq the biggest winner. up almost 16%. the s&p notches a 13.4% gain. and the dow up 7.3% for 2012. when it comes to the blue chips, there was some flip-flopping going on. the biggest gainer last year, the
Search Results 0 to 15 of about 16

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